Sonoco COO granted 47.6 dividend units
Sonoco’s COO received additional dividend-equivalent restricted stock units as compensation, increasing his deferred equity-based holdings.
Rhea-AI Filing Summary
Sonoco Products Co (SON) reported that Chief Operating Officer Rodger D. Fuller acquired 47.6 dividend equivalent units tied to restricted stock on September 10, 2026 as part of compensation. Each unit is the economic equivalent of one share of common stock and will be settled in connection with his retirement or other termination of service, bringing his directly held dividend equivalent units to 550.8. No Rule 10b5-1 trading plan is reported for this award.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 47.6 shares
Grant/Award
1 txn
Insider
Fuller Rodger D
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Dividend Equivalents on Restricted Stock Units F1, F2 | 47.6 | $48.43 | $2K |
Holdings After Transaction:
Dividend Equivalents on Restricted Stock Units — 550.8 contracts (Direct)
Footnotes (2)
- F1. Each share of Dividend equivalents on Restricted Stock units is the economic equivalent of one share of Sonoco Products Company common stock
- F2. Acquired quarterly dividend equivalent rights on Restricted Stock which will be settled upon the reporting person's retirement or other termination of service.
Key Figures
Dividend equivalent units acquired: 47.6 units
Reference price per unit: $48.43 per unit
Dividend equivalent units after transaction: 550.8 units
+1 more
4 metrics
Dividend equivalent units acquired
47.6 units
Compensation-related award on September 10, 2026
Reference price per unit
$48.43 per unit
Economic value basis for the 47.6 dividend equivalent units
Dividend equivalent units after transaction
550.8 units
Directly held by the COO following the September 10, 2026 award
Conversion or exercise price
$0.00
Dividend equivalent units economically equivalent to common stock with no exercise price
Key Terms
Dividend equivalents on Restricted Stock Units, economic equivalent, quarterly dividend equivalent rights, retirement or other termination of service
4 terms
Dividend equivalents on Restricted Stock Units financial
"Each share of Dividend equivalents on Restricted Stock units is the economic equivalent"
economic equivalent financial
"is the economic equivalent of one share of Sonoco Products Company common stock"
quarterly dividend equivalent rights financial
"Acquired quarterly dividend equivalent rights on Restricted Stock"
retirement or other termination of service financial
"which will be settled upon the reporting person's retirement or other termination of service"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award did Sonoco Products (SON) report for its COO on this Form 4?
The COO, Rodger D. Fuller, received 47.6 dividend equivalent units linked to restricted stock on September 10, 2026, as a compensation-related award economically equivalent to the company’s common stock.
How many dividend equivalent units does the Sonoco (SON) COO hold after this transaction?
After the reported award, Rodger D. Fuller holds 550.8 dividend equivalent units directly. These units are tied to restricted stock and reflect deferred equity-based compensation.
What is the economic value basis of the Sonoco (SON) COO’s new dividend equivalent units?
The 47.6 dividend equivalent units are valued using a reference price of $48.43 per unit, and each unit is the economic equivalent of one share of Sonoco Products Company common stock.
When will the Sonoco (SON) COO’s dividend equivalent units be settled?
According to the disclosure, the quarterly dividend equivalent rights on restricted stock will be settled upon the reporting person’s retirement or other termination of service, making them a form of deferred compensation.
Was this Sonoco (SON) Form 4 transaction made under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan applies to this transaction; it is a compensation-related acquisition of dividend equivalent rights, not an open-market trade.
AI-generated analysis. How Rhea-AI works. Not financial advice.